Duplex with Two-Bedroom Upper
For Sale
$165,000
3305 Cascade St, Erie, PA 16508
A two-unit layout pairs a larger lower residence with a compact upper apartment.
Property Size1,654 SF
Price / SF$99.76
Days on Market12
Property Features for 3305 Cascade St
General Information
Standard status
Active
Size
1,654 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,492
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Select - Airport
(814) 838-2299
Listed By:
Jenna Ramsey · License #RS325068
(814) 715-1813
Source:
Exprealty
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 26 at 6:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Select - Airport
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,654-square-foot duplex has two distinct residences. The lower unit includes multiple bedrooms, a full bath, living room, kitchen, sunporch, and access to the garage and basement. Upstairs, the more compact unit has two bedrooms, a full bath, and an open living and kitchen area.
The property is at 3305 Cascade St in Southwest Erie, on a corner lot.
The property is at 3305 Cascade St in Southwest Erie, on a corner lot.
Key Highlights
- 1,654‑square‑foot duplex on a corner lot
- Lower unit has multiple bedrooms, a full bath, living room, kitchen, and sunporch
- Lower residence includes access to the garage and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,361
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,220
$227.2K
Cap Rate 7%
$162,300
$162.3K
Cap Rate 9%
$126,233
$126.2K
Market Conditions
NOI Build-Up for 1,654 SF
Gross rent
$16.9K $10.20/SF
− Vacancy
−$641 −$0.39/SF
EGI
$16.2K $9.81/SF
− OpEx
−$4.9K −$2.94/SF
NOI
$11.4K $6.87/SF
Area
Erie County, PA
Vacancy
3.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,220
Cap Rate 7%
$162,300
Cap Rate 9%
$126,233
Alternative Uses
Best Use
Multifamily LT 5
$162.3K
$142.0K – $189.4K
NOI $11,361 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$145.2K
$127.1K – $169.4K
NOI $10,165 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$410.3K
$359.1K – $478.7K
NOI $28,724 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
Explore this area
Business Placement
Demographics for 16508, PA
15,172
Population
7,385
Households
2.1
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
2.8 sq mi
ZIP Area
5,419
Density / Sq Mi
$52,361
Median Household Income
$36,209
Median Earnings
$852
Median Rent
$121,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A two-unit layout pairs a larger lower residence with a compact upper apartment.
Where is this duplex located?
The property is located at 3305 Cascade St Erie, PA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,654‑square‑foot duplex on a corner lot; Lower unit has multiple bedrooms, a full bath, living room, kitchen, and sunporch; Lower residence includes access to the garage and basement
